AMITY HIGH SCHOOL

1
State Reimbursement Analysis
Original
Current
Construction Cost Escalation Rate for 2004
Modular Classroom Costs Original
Project Budgets

• Budgeted at 4
• Actually 9.4 from Engineering
• News Record
• Resulting Increase 3.5 Million
• 4.4 Million Budgeted
• Actual Cost 7.3 Million
• Resulting Increase 2.9 Million
• Bethany 207.99/sf
• Orange 216.73/sf

High School (incl. BOE Alt.
School) Bethany Orange Totals
9,521,803 6,219,889 4,167,540
19,909,232
10,591,645 7,014,385 7,015,180
24,621,210
AMITY HIGH SCHOOL REASONS AND ANALYSIS
2

• Project Budget Overview
• Original Project Budget
• Currently Anticipated Needs
• Difference
• State Share
• Local Share
• Due to Lower Interest Rates
• and Revised Bonding Structure
• Net Impact To Taxpayers
• Bethany 2 - 10
• Woodbridge 2 - 10
• Orange 1 - 5

Net Impact to Taxpayers Contributing Factors

• Lower Rates
• Revised Structure
• Less Short-Term Interest
• (Extended Budgeted Amount)

68.8 M 75.6 M 6.8 M 4.7 M 2.1 M
AMITY HIGH SCHOOL OVERVIEW NET IMPACT
3
Net Impact to Taxpayers Total Cost (Principal
Interest)

• Original Pro Forma
• Updated Pro Forma

District - Tax Impact Summary

• 68,500,000 - Gross
• 48,800,000 - Net
• 80,337,213 - Total Principal Interest

• 75,654,000 - Gross
• 51,034,000 - Net
• 81,625,610 - Total Principal Interest

AMITY HIGH SCHOOL NET IMPACT (cont.)
4
Bethany
AMITY HIGH SCHOOL NET IMPACT (cont.)
5
Orange
AMITY HIGH SCHOOL NET IMPACT (cont.)
6
Woodbridge
AMITY HIGH SCHOOL NET IMPACT (cont.)
7
Escalation
Middle School Costs
AMITY HIGH SCHOOL CHART AND DATA